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2008
Archive » 2007 , 2008
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Quotations increase at precious metals market
As of March 18 situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded at the level $1000,00-$1010,00 per ounce. While opening New-York commodity exchange gold on bids was at the level $1009,30, then slightly increased. March 17 at commodity exchange in New-York, closure was fixed on the mark $1002,80 per ounce.
At the beginning of bids on Monday prices of futures on gold grew to highers due to investors' interests to gold metal, as more secure instrument for deposits, but then gold lost majority of purchased one due to long positions liquidation. At bids at commodity and raw materials exchange COMEX, subdivision of New-York commodity exchange prices of futures on gold increased on $ 3,10 by $ 1002,60 per troy ounce. Gold prices increased due to further US dollar weakening. Then price of future on silver decreased at COMEX on 35,5 cents by $ 20,30 per ounce.
London morning fixing on March 18 constituted $1005,75 per ounce, when rate of National Bank of Ukraine was set on the mark $1023,50 per ounce.
Comments by Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX-BANK on precious metals market. March 18, 2008.
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News thrue march
2008
- Correction renewed on gold futures
- Rates on interbank credits in national currency increased by long-term highest marks at DEPO-market
- Quotations decrease at precious metals market
- Differently oriented movement is observed at DEPO-market while determining interbank credits cost
- Futures on gold become more expensive
- US dollar began to increase versus European currencies
- Silver futures rose in price
- USA stock markets were opened multidirectionally
- Gold quotations keep decreasing
- Gold keeps decreasing at precious metals market
- American stock market was opened increasing
- Gold quotations keep descending
- Interest rates decrease at DEPO-market
- Quotations keep decreasing at precious metals market
- US dollar increas against all European currencies
- Situation at precious metals market is characterized by quotations decrease
- London morning fixing constituted $1023,50 per gold ounce
- Futures on gold overcame $ 1 000 level
- Growth of futures quotations on silver
- Gold quotations fell at precious metals market
- Decrease of gold quotations at precious metals market
- Futures quotations on gold exceeded mark in $990 per troy ounce
- Pair Euro/Dollar reached its next highest mark at international foreign exchange market
- Situation at precious metals market
- US dollar reinforcement at Ukrainian interbank foreign exchange market
- Gold quotations decrease
- US dollar reinforcement
- Quotations increase at precious metals market
- Gold can exceed mark in $ 1 000 by the end of March already
- European markets of shares opened with decrease
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